Joshua Dorkin
Bush Changes Mind on Housing Bill: To Become Law This Week
Politico is reporting the AP story:
"President Bush has dropped his opposition to legislation that aims to calm the chaotic housing market despite his opposition to a $3.9 billion provision, the White House said this ...
RICK SAROUK
THE REO MYTH !!!
This message is for investors in CA, NV or AZ. I am a licensed broker and certified appraiser. How many of you are profiting form investing in REO properties? I can honestly tell you that the myth the gurus are spread...
Carolyn Morales
Can I ask the bank if i can buy my own note?
Can I buy my own mortgage note from the bank for pennies on the dollar? it can not hurt to ask, right?
Jaylen Boswell
Why I are a lot of people against wholesaling?
It seems like so many people (mainly agents) are against wholesaling. Everyone is demanding regulation and licensing for which I believe is the right call! What upsets me is wholesalers are just middle men the outsour...
Leon Lee
Strategies on renovating a rundown beachfront motel
Hi, Fellow BPersI have a question on what strategy is the best on turning a rundown motel we recently purchased and would appreciate your inputs:This is a 20-unit beachfront motel that has been poorly run in the past ...
Robert Spohn
Tenants refusing showing
Hello Everyone!I am looking at purchasing a 4 unit property that is fully rented however, the tenants are giving us a hard time to set up a showing. Has anyone else come across this issue and would this be a red flag ...
Bryan Koster
24 unit multifamily rehab - Construction loan / materials
I've just recently tied up a 24 unit building. The plan is purchase the property with a construction loan including rehab costs. Rehab 2 units a month and move existing tenants into newly remodeled units, rinse, was...
Ryan Moses
Are we seeing the last of short sales?
One of the incentives of a short sale was that you got a tax break based on an act passed by Congress in 2007.
Short sales are classified as debt forgiveness, therefore in a normal situation homeowners would have t...
Brendan Blake
Math question
Say I have this example
Rental Property: $100,000
Loan Amount: $75,000
Loan Rate: 5%
Years: 30 Year Amortized
Monthly Payment amount: $402.62
LTV ratio: 75%
My money is bei...
Kevin Phu
VA loan exit strategy
I'm trying to learn the best way to exit out of my VA loan. I currently have a VA loan on a 4br/2ba SFR that I am house hacking.
For the past year I have been renting out two bedrooms which covers more than half of m...